Barclays Lowers Price Target and Estimates on Air Lease Corp (AL); Likes Sector, Prefers AYR & AER

May 15, 2012 12:56 PM EDT Send to a Friend
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Price: $38.48 -0.67%

Rating Summary:
    12 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 12 | New: 23
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Barclays maintains an 'Equalweight' on Air Lease Corp (NYSE: AL) price target lowered from $29 to $27.

Analyst, David E. Fintzen, said, "AL reported a 1Q12 result that was a touch lighter than we expected, driven by lower revenue and higher SG&A than anticipated. Softer revenue, in our view, was likely a reflection of timing rather than changes in the underlying demand/leasing environment."

Fintzen still likes the aircraft leasing sector, but prefers the return potential of Aircastle (NYSE: AYR) and AerCap (NYSE: AER). Fintzen cuts FY12 EPS estimate from $1.38 to $1.30 and $1.80 to $1.70

For an analyst ratings summary and ratings history on Air Lease Corp click here. For more ratings news on Air Lease Corp click here.

Shares of Air Lease Corp closed at $23.61 yesterday.


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